Market Overview

UPDATE: Comcast Q4 Net Profit Up 18%

Related CMCSA
Benzinga's M&A Chatter for Thursday December 4, 2014
Will Comcast, Yahoo And The Streaming Video Alliance Reshape The Future Of Entertainment?
Sprint to Cut Ties With NASCAR's Top Series (Fox Business)

Comcast (NASDAQ: CMCSA) reported an 18% rise in its fourth-quarter net income.

Comcast's quarterly earnings surged to $1.52 billion, or $0.56 per share, from $1.29 billion, or $0.47 per share, in the year-ago period. Its adjusted earnings came in at $0.52 per share.

Its revenue climbed 6% to $15.94 billion from $15.04 billion. However, analysts were expecting earnings of $0.54 per share on revenue of $16.01 billion.

Comcast also announced its plans to acquire General Electric's (NYSE: GE) 49% equity stake in their NBCUniversal joint venture.

Comcast shares gained 7.13% to $41.75 in after-hours trading.

Posted-In: profitEarnings News M&A

 

Related Articles (CMCSA + GE)

Around the Web, We're Loving...

Get Benzinga's Newsletters